The Reserve Bank of India (RBI) on Friday announced a move that’s set to accelerate India’s green initiatives. Foreign investors operating within the International Financial Services Centre (IFSC) can now invest in Sovereign Green Bonds (SGrBs). This decision unlocks a new avenue for financing eco-friendly projects in the country. Based on an announcement in the Union Budget for 2022-23, the government issued Sovereign Green Bonds (SGrBs) in January 2023. Subsequently, SGrBs were issued as part of the government borrowing calendar in 2023-24. Click here to follow our WhatsApp channel “India raised two tranches of sovereign green bonds amounting to Rs 16000 crore across two…
Read More…
RBI widens door for foreign participation in green bonds: What this means | Personal Finance
